Fountainhead AM LLC Acquires New Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Fountainhead AM LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, Holdings Channel.com reports. The fund acquired 586 shares of the investment management company’s stock, valued at approximately $226,000.

A number of other hedge funds have also recently modified their holdings of GS. Morgan Stanley lifted its position in The Goldman Sachs Group by 7.8% in the third quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock valued at $1,842,192,000 after buying an additional 412,383 shares during the last quarter. Bank of New York Mellon Corp lifted its position in The Goldman Sachs Group by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 4,139,767 shares of the investment management company’s stock valued at $1,339,505,000 after buying an additional 41,488 shares during the last quarter. Northern Trust Corp lifted its position in The Goldman Sachs Group by 3.2% in the third quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock valued at $1,080,676,000 after buying an additional 104,424 shares during the last quarter. Invesco Ltd. lifted its position in The Goldman Sachs Group by 6.1% in the third quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company’s stock valued at $903,485,000 after buying an additional 159,512 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in The Goldman Sachs Group by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,848,113 shares of the investment management company’s stock valued at $597,994,000 after buying an additional 19,920 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 1.5 %

The Goldman Sachs Group stock traded up $6.37 during mid-day trading on Tuesday, hitting $423.72. The company had a trading volume of 2,661,822 shares, compared to its average volume of 2,402,420. The stock has a market cap of $137.51 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 1.30 and a beta of 1.43. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $425.35. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The business has a fifty day moving average of $397.82 and a 200 day moving average of $368.58.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The firm’s revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm posted $8.79 earnings per share. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 35.39 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.60%. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the transaction, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on GS. Keefe, Bruyette & Woods upped their target price on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. Oppenheimer increased their price target on shares of The Goldman Sachs Group from $446.00 to $479.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Bank of America increased their price target on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Citigroup increased their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Finally, Barclays increased their price target on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $434.93.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.